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The biggest M&A deals in Vietnam in 2017

The biggest M&A deals were in a variety of business fields, especially the real estate and banking sectors.

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Thai investor has spent $5 billion to acquire Sabeco stake

Thai billionaire spends $5 billion to acquire Sabeco stake

The Sabeco stake auction took place on December 18, 2017. Vietnam Beverage, the company which has relations with Thai billionaire Charoen Sirivadhanabhakd, became a new shareholder of the Vietnamese largest brewer. At the bidding price of VND320,500 per share, Vietnam Beverage bought a 53.59 percent of Sabeco offered by the state. An individual investor, Ngo Vinh Hien, also acquired 20,000 shares at VND320,000 per share. Together with Vinamilk, Sabeco is among the most profitable state-owned enterprises.

The Gioi Di Dong takes over Tran Anh

With a budget of VND2.5 trillion approved by shareholders, The Gioi Di Dong (Mobile World Group), the largest mobile phone distributor, kicked off a campaign to take over retail chains. Tran Anh, a hi-tech product and home appliance retailer, was the first goal of The Gioi Di Dong.  Analysts say The Gioi Di Dong targets Tran Anh because this is the fastest way to help The Gioi Di Dong conquer the northern market.

The Gioi Di Dong is now holding a 30 percent market share in mobile phone distribution with Thegioididong brand, equal to FPT Shop’s, and 15 percent of market share for home appliance distribution with Dien May Xanh brand, equal to Tran Anh or Media Mart.

According to HCMC Securities, The Gioi Di Dong is now holding a 30 percent market share in mobile phone distribution with Thegioididong brand, equal to FPT Shop’s, and 15 percent of market share for home appliance distribution with Dien May Xanh brand, equal to Tran Anh or Media Mart.

Novaland takes over series of large projects

The company bought many ‘golden land plots’ in central business districts in HCMC in 2017 and revived many ‘frozen’ projects. In late February 2017, Novaland spent VND213 billion to acquire a 99.99 percent Bach Hop Company stake. In March 2017, Novaland wrapped up the deal to buy a 83.45 percent stake of Phu Dinh Port at VND1.527 trillion.  In April 2017, Novaland bought a 98.02 percent Sai Gon Golf stake in a deal worth VND1.423 trillion. Before falling into Novaland’s hands, Sai Gon Golf had 50 percent of capital contribution from the state and two founding shareholders – Saigontourist and Thu Duc Tourism Service Company.  Also in April, Novaland bought a 99.99 percent Gia Duc stake at VND1.939 trillion, a deal which helped Novaland increase its ownership ratio in The Sunrise Bay, a 181 hectare project in Da Nang City, because Gia Duc held 19 percent of capital in the project. In August, Novaland completed the purchase of 99.96 percent of Gia Phu Company at VND1.812 trillion. In the first 10 months of 2017 alone, Novaland spent VND6.9 trillion on five M&A deals.

Keppel Land takes over two projects

The investor from Singapore plans to spend $297 million to acquire two projects in HCMC, one in Nam Sai Gon area and the other in district 9.

Kim Chi

Source: VietNamNet

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